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| 001 | 431350563511 | ||
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| 008 | 171201s2006 ||| o i|0| 0 eng d | ||
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| 100 | 1 | _aGianella, Christian. | |
| 245 | 1 | 0 |
_aAssessing Russia's Non-fuel Trade Elasticities _h[electronic resource]: _bDoes the Russian Economy React "Normally" to Exchange Rate Movements? / _cChristian Gianella and Corinne Chanteloup = Évaluation des élasticités-prix du commerce extérieur hors hydrocarbures en Russie : L'économie russe réagit-elle "normalement" aux mouvements de taux de change ? / Christian Gianella et Corinne Chanteloup |
| 246 | 3 | 1 |
_aÉvaluation des élasticités-prix du commerce extérieur hors hydrocarbures en Russie _bL'économie russe réagit-elle "normalement" aux mouvements de taux de change ? |
| 260 |
_aParis : _bOECD Publishing, _c2006. |
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| 300 |
_a28 p. ; _c21 x 29.7cm. |
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| 490 | 1 |
_aOECD Economics Department Working Papers, _x18151973 ; _vno.510 |
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| 520 | 3 | _aThis paper attempts to assess the impact of exchange rate movements on Russian import and nonfuel export performance, using an error correction model. The estimation of trade equations shows that long-run price elasticities for imports and non-fuel exports are close to 0.6 and 0.7 respectively, hence relatively similar to those obtained for OECD countries. The Marshall-Lerner condition clearly holds. More precisely, we find that a 10% real appreciation (depreciation) of the currency leads on average to a non-fuel current account deterioration (improvement) of around 1% of GDP. Moreover, the short-term dynamics of the error correction model indicate that the response of the trade balance to exchange rate shocks is rapid, the adjustment being almost complete after one quarter. Finally, the evolution of import prices and non-fuel export prices of Russia, relatively to its competitors on domestic and third markets, suggests that the Russian economy lost already in 2004 the price-competitiveness advantage it had gained after the 1998 crisis. | |
| 650 | 4 | _aEconomics | |
| 651 | 4 | _aRussian Federation | |
| 700 | 1 | _aChanteloup, Corinne. | |
| 830 | 0 |
_aOECD Economics Department Working Papers, _x18151973 ; _vno.510. |
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| 856 | 4 | 0 |
_aoecd-ilibrary.org _uhttps://s443-doi-org.br.lsproxy.net/10.1787/431350563511 |
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_2ddc _cW-PAPER |
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_c358237 _d316799 |
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